NasdaqGS:RNWRenewable Energy
ADB-Backed $331 Million Funding Might Change The Case For Investing In ReNew Energy Global (RNW)
ReNew Energy Global Plc recently secured a US$331 million financing commitment from the Asian Development Bank as part of a US$477 million package to fund a large-scale clean energy project in Andhra Pradesh, integrating 837 MWp of wind and solar with a 415 MWh battery storage system.
This milestone underscores growing international support for ReNew's blueprint of integrating renewable generation with storage, designed to deliver firm clean power and enhance grid reliability in India.
We'll...